The worst part about cryptocurrency is the word "currency". Here we see how the ideals got lost due to most turning this into a financial tool only. It has led to the massive speculation and mindset of Mooning and Lambos. Few are willing to take the longer-term view nor find out the true meaning of what is taking place.
We see the financial media cover cryptocurrency, especially Bitcoin, just like any other asset class. To them, it is all about the market and what price is doing. To a degree you can say this is their job. However, those institutions or the people in it never take the time to truly find out what is taking place.
This is no surprise since they are not only part of the establishment but also responsible for delivering the message set forth by the agenda. Those in power use this mechanism to program the masses. They determine what people are going to think.
Of course, this is all part of the entire system that is structured to keeps things moving forward. We can presume, based upon a simple look at the last few decades, the path is not towards freedom. This is not their course. Instead, it is about more control and power.
Whether this was some major plan (unlikely) or simply a result of the ability to use the system over decades to amass more power (more likely), the result is we are heading towards tyranny.
The vision of Satoshi was not about people getting mega-wealthy off Bitcoin. Certainly there is nothing wrong with that as long as it is not the main intent. If it is a byproduct of what is pursued, then all the better. However, enormous wealth off cryptocurrency is a bad overall goal.
We often discuss the idea of blockchain being immutable. This provides a mechanism whereby what is imprinted on the blockchain is there. It is very difficult to get anything changed. This is in sharp contract to the centralized systems we see today.
There is also the benefit of the fact that people hold their keys to wallets. As a financial vehicle, this provides control over one's money. Of course, if the account has a larger purpose, such as for social media applications, this offers account ownership.
Here we see something that appears insignificant to many. We know most of the world pays little attention to freedom of speech or having a forum that is beyond the ability to be censored. For most, they have no problem with Facebook, YouTube, or Twitter. Even those in the cryptocurrency space who were zapped by those entities run right back to them.
The challenge here is that things will not likely to reverse course. It seems the trend is that more is falling into the category of being censored on the existing platforms. This means that more people are being displaced. Naturally, many will fight to get back on the same platforms that are pushing them out but we know this will not have much success.
Ultimately this is about creating an entirely new system. The present one does not work for most people. Instead of enjoying the benefits of what is generated, they are basically slaves to the system that is controlled by a relatively small amount of people. They are the ones who enjoy the fruits from what is taking place.
We will not alter things if we simply recreate the same system that exists now. The entry into cryptocurrency by Wall Street and major corporations is playing into the same hands. People in cryptocurrency get excited about the prospect simply because they believe it will send the tokens they are holding higher. The question of whether or not this is beneficial to the long-term move towards freedom never enters their mind.
Bitcoin was designed as "the people's money". It is far from that now. Instead, we see "Wall Street money". Bitcoin has little utility. It is something that is mined and sold. Mining companies are now large behemoths that work in denominations of millions of dollars. The Bitcoin mined is sold, favoring those with the financial resources to purchase it. When it comes to that, few can outpace Wall Street.
The same is happening with DeFi. We are seeing banks starting to make moves in that area. It is obvious this is a much better system than what they are offering yet they are not intent on losing their control. This, of course, brings the interest of the regulators who are also focused upon remaining relevant. They feel that anything new is automatically theirs to control.
None of this will lead to a new system, at least not based upon its own.
The multi-trillion dollar question is whether they can stop what is taking place? They are approaching this like anything else in their realm. There are always the solutions of money or laws.
Personally, it does not appear this will work. Certainly, Bitcoin can be taken over with money since it is finite. What most tout as the benefit of Bitcoin is also what makes it a prime target for the money machine that is Wall Street.
What makes it very difficult is that when we move passed Bitcoin, we see a different picture with cryptocurrency. That is not finite, hence cannot be bought with money. This negates the ability of the money players to a large degree since what we are dealing with is infinite. They have a lot but there is ultimately a limit to what they have.
The tools of freedom are in our hands. We saw what happened with Steem when Justin Sun came in with big money. In the end, he did get what he went after yet it was vastly diminished compared to what it was before. The ability to fork is a nuclear option that is always present.
A challenge we presently have was spelled out by 
He goes onto to explain how decentralization and distribution of tokens are vital. It is not an overnight process but takes years. As things spread out, it removes a major attack vector from those who are presently in power. The ability for people to be rewarded for their activity on Hive helps to push the distribution further out over time.
Hence, the ability to forge tremendous wealth is a wonderful byproduct. We know the present system creates a huge amount of wealth. This is only going to increase with the advancement of automation.
Cryptocurrency can solve what is a major issue right now, distribution. Thus, we should seek to enrich those who are involved in cryptocurrency through the creation of a system that is based upon freedom, not simply another Wall Street casino which they will ultimately take control of anyway.
The wealth needs to come from the building out of a system that is alternate to what is in place and creates utility for billions of people. With a new distribution mechanism for the value created, we can see how this will benefit a much larger section of humanity as opposed to just a select few.
In the end, freedom is very enriching. This is something that we have to always keep in mind.
If you found this article informative, please give an upvote and rehive.
gif by 
logo by 
